Qin, Cheng-Zhong; Hehenkamp, Burkhard; Stuart, Charles - In: Journal of Evolutionary Economics 9 (1999) 2, pp. 211-224
We study economic natural selection in classical oligopoly settings. When underlying pure strategies consist of a finite number of prices, convex monotonic dynamics always converge under a weak condition to the smallest price in the support of the initial state that exceeds marginal cost. When...